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Technology Stocks : Atlanta Internet Bank IPO
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To: Steve Smith who wrote (6)10/23/1997 11:20:00 AM
From: Jimbo Cobb   of 18
 
Yes, I still own and like NTBK...their earnings were better than expected, they hinted they can be profitable by next year, and they are getting ready to kick off a big marketing campaign. Although on a much smaller scale, Ameritrade stock nearly doubled when they kicked off a big marketing campaign.

Of course, it is somewhat risky, as there are few barriers to entry here, but they can afford to pay higher rates than the "conventional banks", and this high-interest checking might draw in a lot of customers.

Mark.
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